Rolfe Winkler

Afternoon Links 1-4

January 4, 2010

Living on nothing but food stamps (Deparle/Gebeloff, NYT) The safety net of last resort: 2% of U.S. households report zero income other than a food stamp card.

Lunchtime Links 12-31

December 31, 2009

Bankers get $4 trillion gift from Barney Frank (Reilly, Bloomberg) David pours over HR 4173, all 1,279 pages of it. He finds some interesting nuggets. One of the bigger problems I see is the proposed insurance fund that would pay for resolving systemically dangerous banks. Talk about moral hazard!

Economic calcification, Japanese edition

December 7, 2009

Japan’s labor market is desperately troubled. For years, the number of temporary workers has been on the rise as Japanese employers find it harder to afford full-timers. Like the rest of the Japanese economy, the labor market needs the flexibility to deflate. But the government won’t allow that to happen. The latest example is a proposal to ban manufacturers from hiring temporary workers (Otsuma/Hagiwara, Bloomberg):

WSJ: Japan passes moratorium on loan repayments

November 30, 2009

Interesting item from Alison Tudor:

Japan passed into law Monday a conditional moratorium on loan repayments by small businesses and home owners, a move that opponents say may lead to an increase in bad loans on the books of the country’s banks.

Peering into our future…

August 28, 2009

A WSJ article on Japanese elections comes with the following table.

japan-stats

Japan has spent 20 years fighting deflation with loose monetary policy and deficit spending. To what end?